15-Year Fixed Mortgage Rate
5.920%Current national average · Updated 2026-05-05
What is a 15-Year Fixed?
Pay off your home in half the time with lower interest
Pros
- Lower interest rate
- Build equity 2x faster
- Less total interest paid
- Pay off home sooner
Cons
- Higher monthly payment
- Less monthly cash flow flexibility
- Tighter debt-to-income ratio
Quick Facts
Current Rate
5.920%
Min. Down Payment
3%
Min. Credit Score
620
Best For
Borrowers with higher income who want to pay off their home quickly
Top Lenders for 15-Year Fixed
| Lender | 15-Year Fixed Rate | APR | Action |
|---|---|---|---|
| ⚓Navy Federal CU | 5.800% | 5.950% | Apply |
| 🗽Freedom Mortgage | 5.850% | 6.000% | Apply |
| 🏘PennyMac | 5.875% | 6.025% | Apply |
| 🏡United Wholesale Mortgage | 5.900% | 6.050% | Apply |
| ✨Better Mortgage | 5.900% | 6.050% | Apply |